Addiction Treatment is a Story in Search of a Villain

healthcare business

Hastiness and superficiality are the psychic diseases of the twentieth century, and more than anywhere else this disease is reflected in the press— Alexander Solzhenitsyn

By: Jeff Cohen

I read an article in a local paper the other day.  It was about (a) a guy who owned a treatment center (who has not been charged with committing a crime), (b) a lawsuit filed by a large insurance company against a toxicology lab that the insurer owes millions, and (c) the fact that insurance companies pay a lot for toxicology lab testing.  I scratched my head, wondering how there was anything newsworthy there.  The “story” being sold by the paper, however, created a story with a villain (the providers of services to people in recovery from drug and alcohol addiction) and a “victim” (people receiving care for addiction).  I can’t resist responding.

There’s a difference between something that’s interesting and worthy of comment vs. a journalistic attempt to concoct controversy and intrigue that people might buy.  There’s not much of the former, but a lot of the latter.  People in recovery being victimized by horrible, greedy people is an interesting story.  Unfortunately, it’s off the mark and really not helpful to anyone.

There are three pretty safe assumptions we can almost all agree on:  first, there are a lot of people who want to live life without active addiction.  Second, many of them think they need help to create a better life.  Third, some providers of help to people in recovery make a bunch of money providing that service. Continue reading

2015 Healthcare M&A Turnaround Study

2015-ma-turnaround-coverThe Healthcare Transaction Advisors 2015 M&A Turnaround Study analyzes trends in patient volumes, payor mix, staffing, and costs before and after business ownership changes for over 2,500 healthcare transactions. The study subjects include 539 hospitals, 1,644 skilled nursing facilities, and 350 home health agencies that were unprofitable during the year before they filed for a change of ownership with Medicare.

Healthcare Transaction Advisors solicited a expert panel of seven healthcare transaction professionals to review the findings, including the Founder and President of Florida Healthcare Law Firm, Jeffrey L. Cohen. Click here to download a free copy of the study!